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Archived over 1 year ago

$139,900

2 bd 2 ba 1334 sqft

Postwood Ln, Pearland, TX 77584

Residential SFR Off MLS

Current Rent **

N/A

Projected Rent **

$1,750

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Pearland, TX | Good Market

PRICE REDUCED TO $139,900!

→ CALL OR TEXT Kelley Anderson at 208-965-7856 for more details.
AREA: Pearland

SUBDIVISION: Countryplace
1 story, 2 bedrooms, 2 bathrooms, 2-car attached garage, 1,334 sq ft
The Perfect investment in a great location! Amazing 2-bedroom 2-bathroom home in the beautiful 55 plus community of Country Place. Located on a culdesac corner lot! With a bit of TLC, you can turn this house into a profit! Country Place offers a variety of amenities such as an Olympic size pool and hot tub, lighted tennis courts, a golf course, and more. 24/7 manned security is also provided in this neighborhood! Located near Hwy 288 & Beltway 8, you’ll have easy access to Pearland shopping, restaurants, medical facilities, and more. Plus, you’re only a short drive away from downtown Houston, sports arenas, and the theater district. Don’t miss out on this opportunity! Reach out to Kelley Anderson at 208-965-7856 for showing times and questions.
ARV is approx. $235,000, rent comps are $1,750/month.

Per previous owner:
--Never flooded
--A/C: 2019
--Roof: 2008
--Foundation: needs foundation work
--HOA: $167/month
--55 Plus Community

This one is Cash or Hard Money only. Offering is subject to American Home Buyer closing on the purchase. Seller reserves the right to reject all offers.

Location:

Postwood Ln, Pearland, TX 77584

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.